Brick Duplex with Recent
620 S Elm Street Siloam Springs, AR 72761
620 S Elm Street, Siloam Springs, AR, 72761
$396,900
For Sale
$396,900
Well-maintained duplex ideal for owner-occupancy or investment.
Property Size2,835 SF
Price / SF$140
Days on Market256
Property Features for 620 S Elm Street
General Information
- Standard status
- Active
- Size
- 2,835 SF
- Property subtype
- Mobile Home
Building Details
- Year Built
- 2007
Listing Agency
Home & Land Connections
(479) 373-1777
Listed by
Marilyn Meeker · License #PB00071141
(479) 373-1777
Source
Exitrealty
Added: Nov 3, 2025 Checked: Jul 17 at 5:33 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home & Land Connections
Investment Insights
Based on property information with market context.
This brick duplex presents an opportunity for either owner-occupancy or investment. Apartment A is currently rented and was updated in 2022 with interior paint and new tile floors. Apartment B has been recently remodeled, featuring new appliances, tile floors, blinds, and fresh paint throughout. A heat pump was installed in Apartment B in June 2024. Both units had their water heaters replaced in 2021. The property size is 2835 square feet. A new roof is scheduled to be installed due to hail damage.
Key Highlights
- Live in one unit and rent out the other for income (duplex).
- Apartment B is recently remodeled with new appliances, tile floors, blinds, and fresh paint.
- New heat pump installed in Apartment B (June 2024).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $13.80 |
| − Vacancy | −$2.2k | −$0.76 |
| EGI | $37.0k | $13.04 |
| − OpEx | −$11.1k | −$3.91 |
| NOI | $25.9k | $9.13 |
2,835 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.7K
$323.5K – $431.3K
NOI $25,877 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$329.9K
$288.6K – $384.8K
NOI $23,090 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$779.1K
$681.7K – $908.9K
NOI $54,535 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex ideal for owner-occupancy or investment.
Where is this duplex located?
The property is located at 620 S Elm Street Siloam Springs, AR.
What is the asking price?
The asking price for this property is $396,900.
What are key features of this property?
This property features: Live in one unit and rent out the other for income (duplex).; Apartment B is recently remodeled with **new appliances, tile floors, blinds, and fresh paint.**; **New heat pump installed in Apartment B (June 2024).**
